Moody National Bank Trust Division Lowers Position in Adobe Inc. $ADBE

Moody National Bank Trust Division cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 33.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,906 shares of the software company’s stock after selling 1,471 shares during the period. Moody National Bank Trust Division’s holdings in Adobe were worth $1,025,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. boosted its holdings in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares during the last quarter. VanderPol Investments L.L.C. lifted its position in shares of Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after buying an additional 27 shares in the last quarter. Rise Advisors LLC boosted its stake in shares of Adobe by 7.0% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock worth $157,000 after buying an additional 27 shares during the last quarter. FSM Wealth Advisors LLC grew its holdings in shares of Adobe by 1.1% in the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after acquiring an additional 30 shares in the last quarter. Finally, Intellus Advisors LLC grew its holdings in shares of Adobe by 1.6% in the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on ADBE shares. Citigroup lifted their price target on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a report on Wednesday. Piper Sandler decreased their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. Oppenheimer lowered their target price on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Jefferies Financial Group reduced their price target on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Finally, Mizuho decreased their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $417.93.

Adobe Stock Up 1.9%

Shares of NASDAQ ADBE opened at $354.66 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The stock has a market capitalization of $148.46 billion, a PE ratio of 21.22, a P/E/G ratio of 1.37 and a beta of 1.54. Adobe Inc. has a one year low of $311.58 and a one year high of $465.70. The business’s fifty day moving average price is $336.20 and its 200-day moving average price is $356.18.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.